News / Europe

Possible Candidates Emerge to Replace IMF Chief Strauss-Kahn

Dominique Strauss-Kahn (C), head of the International Monetary Fund (IMF), departs a New York Police Department precinct in New York late May 15, 2011.
Dominique Strauss-Kahn (C), head of the International Monetary Fund (IMF), departs a New York Police Department precinct in New York late May 15, 2011.
Lisa Bryant

As International Monetary Fund chief Dominique Strauss-Kahn remains jailed in New York on sexual assault charges, speculation is already simmering on who might succeed him.  

It remains uncertain whether the current IMF head, France's Dominique Strauss-Kahn, will be ordered to stand trial on charges of sexually assaulting a hotel maid.  Strauss-Kahn claims he is innocent.

Even if this is the case, a number of observers believe his career at the IMF is over - and that the allegations, true or false, have also likely dashed any hopes for a French presidential run next year.

Speaking from Brussels, where she was attending a European Union ministerial meeting, Austria's finance minister, Maria Fekter, suggested Strauss-Kahn should step down to avoid further damaging the IMF.

Spanish Finance Minister Elena Salgado says it is up to Strauss-Kahn to make that decision. But Salgado said the sexual assault charges Strauss-Kahn has been accused of are very serious.  While justice must take its course, she said, her solidarity is with the woman who suffered the assault - if those charges proved true.

Financial analysts are now speculating on a number of possible candidates to replace Strauss-Kahn, including French Finance Minister Christine Lagarde.

While he would not discuss personalities, Karel Lannoo, chief executive of the Brussels-based Center for European Policy Studies, offers the profile of the ideal IMF chief.

"He needs at the same time to be a good economist - a good macro-economist above all - and preferably someone with a Ph.D., like Strauss-Kahn had a Ph.D. - he was welcomed on that ground four years ago because he had a Ph.D. in economics.  But at the same time, who is a good diplomat," he said.

The job to head the International Monetary Fund has traditionally gone to a European, and there were already indications Tuesday that Europe would be plugging for it to stay that way.

European Commission President Jose Manuel Barroso told Dutch reporters that if it is necessary to choose a successor to Strauss-Kahn, the European Union should present a candidate.  German Chancellor Angela Merkel also says Europe should have good candidates ready.

But other experts are looking at potential candidates outside Europe - including in emerging economies like China or Brazil. Analyst Lannoo says their lobbying weight will depend on how well they are doing at home. "If they, for example, manage to get their own economy well in order - take Brazil for example - they probably have a case to say, 'look, we can advance a good candidate.'"

Strauss-Kahn was widely speculated to be preparing to leave the IMF shortly, to prepare a presidential bid. "He was stepping down anyway because of [the presidential race], but have the Europeans prepared for this?  I would say not," said Lannoo.

The names of non-European IMF candidates floated in the media include former South African finance minister Trevor Manuel, Brazil's ex-central bank president Arminio Fraga, and Min Zhu from China, who is a special advisor to Strauss-Kahn.

You May Like

Video Five Patients Given Experimental Ebola Drug Said To Be Improving

Experimental drugs have been tried on six people: three Westerners and now, three African pyhysicians More

Video In Ukraine, Fear and Distrust Remain Where Fighting has Stopped

As Ukrainian military reclaims control of eastern cities residents rebuild their lives, but many say everyone is being treated with suspicion More

Video In Rural Kenya, Pressure Builds Against Female Circumcision

Girls learn to object; FGM practitioners face penalties from jail sentences to stiff fines More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Five Patients Given Experimental Ebola Drug Said to Be Improvingi
X
Carol Pearson
August 19, 2014 11:43 PM
The World Health Organization has approved the use of experimental treatments for Ebola patients in West Africa. The Ebola outbreak there is unprecedented, the disease deadly. The number of people who have died from Ebola has surpassed 1,200. VOA's Carol Pearson reports on the ethical considerations of allowing experimental drugs to be used.
Video

Video Five Patients Given Experimental Ebola Drug Said to Be Improving

The World Health Organization has approved the use of experimental treatments for Ebola patients in West Africa. The Ebola outbreak there is unprecedented, the disease deadly. The number of people who have died from Ebola has surpassed 1,200. VOA's Carol Pearson reports on the ethical considerations of allowing experimental drugs to be used.
Video

Video In Ukraine, Fear and Distrust Remain Where Fighting has Stopped

As the Ukrainian military reclaims control of eastern cities from pro-Russian separatists, residents are getting a chance to rebuild their lives. VOA's Gabe Joselow reports from the town of Kramatorsk in Donetsk province, where a sense of fear is still in the air, and distrust of the government in Kyiv still runs deep.
Video

Video China Targets Overseas Assets of Corrupt Officials

As China presses forward with its anti-graft effort, authorities are targeting corrupt officials who have sent family members and assets overseas. The efforts have stirred up a debate at home on exactly how many officials take that route and how likely it is they will be caught. Rebecca Valli has this report.
Video

Video Leading The Fight Against Islamic State, Kurds Question Iraqi Future

Western countries including the United States have begun arming the Kurdish Peshmerga forces in northern Iraq to aid their battle against extremist Sunni militants from the Islamic State. But there are concerns that a heavily-armed Kurdistan Regional Government, or KRG, might seek to declare independence and cause the break-up of the Iraqi state. As Henry Ridgwell reports from London, the KRG says it will only seek greater autonomy from Baghdad.
Video

Video In Rural Kenya, Pressure Builds Against Female Circumcision

In some Kenyan communities, female genital mutilation remains a rite of passage. But activists are pushing back, with education for girls and with threats of punishment those who perform the circumcision. Mohammed Yusuf looks at the practice in the rural eastern community of Tharaka-Nithi.
Video

Video For Obama, Racial Violence is Personal Issue

The racial violence in the St. Louis suburb of Ferguson is presenting U.S. President Barack Obama with an issue to which he has a deep personal connection. To many Americans, Obama's election as America's first black president marked a turning point in race relations in the United States, and Obama has made ending the violence a policy priority. On Monday he issued a new call for calm and understanding. Luis Ramirez reports from the White House.
Video

Video Clinton-Obama Relationship Could Impact 2016 Election

President Barack Obama and former Secretary of State Hillary Clinton have a long and complicated relationship. That relationship took another turn recently when Clinton criticized the president’s foreign policy. VOA National Correspondent Jim Malone reports there is renewed attention on the Clinton-Obama relationship as Hillary Clinton considers running for
Video

Video Iran Looks to Maintain Influence in Baghdad With New Shia PM

Washington and Tehran share the goal of stopping Syrian-based militants in Iraq. But experts say it's Iran, not the United States, that will most influence how the new government in Baghdad approaches internal reforms and the war in Syria. VOA State Department Correspondent Scott Stearns has the story.

AppleAndroid